Table 19: Eligibility for tax offset

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End of attention

Group totals: aggregate research and development amount

(B item 1 in part F)

A

$

Group totals: entity turnover

(C item 1 in part F )

B

$

If A is $2 million or less and B is less than $5 million, the company may choose to claim the R&D tax offset (see paragraphs 73J(1)(c) and (d) of the ITAA 1936).

If the company is ineligible to claim the offset, print X in the No box at the top of part F, and no further action is required.

If the company chooses to take the offset, print X in the Yes box at the top of part F, and calculate the amount of deductions eligible for the R&D offset in accordance with table 21, unless there is a balancing adjustment on the disposal of plant or pilot plant included at E item 8, K item 10, or P item 11 in part A. In this event, read below.

Balancing adjustment

If there is a balancing adjustment on the disposal of plant or pilot plant, follow these steps before completing (g) in table 21:

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